The estimated second quarter gross domestic product growth rate of 4.1 percent is not “record” or “close-to-record GDP,” as President Donald Trump recently claimed.
Second Quarter GDP Growth Not a ‘Record’
Trump Inflates GDP Growth
In an interview with The Sun in England, President Donald Trump claimed “the GDP since I’ve taken over has doubled and tripled.” It hasn’t. Not even close.
Trump’s Defense Spending Exaggerations
President Donald Trump exaggerated the size of the defense budget in a couple of ways in recent speeches.
Trump Overstates West Virginia Gains
Speaking to a crowd in West Virginia, President Donald Trump oversold the economic progress in the Mountain State.
Trump’s Numbers (First Quarterly Update)
Statistical measures of how things have changed since the president took office.
Pelosi’s Misleading ‘Job-Killer’ Claim
House Democratic Leader Nancy Pelosi says the Republican tax plans will be a “job-killer,” but most economic analyses of the plans suggest, on balance, modest job growth.
Trump’s Phoenix Fiction
The president revises history, exaggerates accomplishments and makes false claims.
FactChecking Trump’s West Virginia Rally
At a rally in West Virginia, President Donald Trump falsely claimed that his administration is “bringing back to America” manufacturing jobs “by the hundreds of thousands.”
GDP vs. GNP
Q: What is the difference between GDP and GNP?
A: GDP is the market value of everything produced within a country; GNP is the value of what’s produced by a country’s residents, no matter where they live.